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Cost Accountant and Cost Analysis
Cost Accountant
Is a member of chief accounting officers department? And he is responsible for collecting product costs and preparing exact and timely reports to control and evaluate company operations. Cost accountants assemble, summarize and classify financial and economic data upon the production and pricing of services and goods.
Cost Analysis
Is an activity such uses engineering, motion and time studies, timekeeper's planning and records schedules from production supervisors. Cost analysis systems involve break even analysis, capital expenditure analysis, comparative cost analysis and budgeting techniques. After find out what is really happening, accountants must identify available alternatives. Then professional judgment is desired to apply and interpret the conclusions of each costing systems.
Automotive Products (AP) designs, manufactures, and sells automotive parts. It has 3 main operating departments: design, engineering, and production. 1.Design ñ the
A fixed cost is a cost which can't be easily identified or related to a cost per unit or activity of any kind for example a cost which remains constant when production of a service
Time Keeping - Cost Accumulation A labour cost control routine should ensure that payments are paid only to employees who have spent time at the work place and that payments a
I need an example for Lilo,Fifo, and weighted average method for a year. Jan.begining inventory, purchases in Feb., April, July, October, and November. Can you help me with this?
Describe Operating Costing The Chartered Institute of Management Accountants, London defines "operating cost" as "the cost of providing a service." Services performed may be in
In this section we have tried to develop the concept of flow of funds inside the organization. Starting along with the funds requirement for an organization, we have tried to trace
draw up statements of affairs to show the profit or loss for the year
wont questions on it and a valuable answer
Importance of Variance Analysis Variance analysis is aimed at getting practical pointers to the purposes of off-the -standard performance hence management can improve operatio
G. Mills was appointed a local agent for the High Power Mobile Workshop Bolt (HPMW-B) on 1 April 2009. The HPMW-B is manufactured by Mobile Equipment Ltd (MEL). The company charges
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